Biomass Gasification Global Market Report 2024

The biomass gasification market size has grown rapidly in recent years. It will grow from $106.28 billion in 2023 to $116.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth observed in the past was driven by the rising uptake of renewable energy sources, augmented government investments, and the ample availability of biomass resources.

The biomass gasification market size is expected to see strong growth in the next few years. It will grow to $169.06 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. Anticipated growth factors include depleting fossil fuels, new gasification plants, government R&D initiatives, rising greenhouse gas concerns. Trends include AI adoption, new product innovation, advanced gasification tech, mergers, and collaborations.

The forthcoming period is anticipated to witness substantial growth in the biomass gasification market, primarily propelled by the swift depletion of fossil fuels. Fossil fuels, including coal, oil, and gas, derived from decomposed plants and animals, are nonrenewable energy sources rich in carbon and hydrogen. Recognizing the limitations and environmental impact of fossil fuel consumption, governments are increasingly shifting focus towards renewable energy sources such as biomass. This transition is expected to drive the growth of biomass gasification, providing a sustainable avenue for power generation and biofuel production. Notably, projections from the Millennium Alliance for Humanity and the Biosphere indicate that oil reserves may be depleted by 2052, gas by 2060, and coal by 2090. Consequently, the imminent exhaustion of fossil fuels is poised to stimulate the expansion of the biomass gasification market.

The biomass gasification market is set to receive substantial support from the escalating construction of new gasification plants. Major players in the biomass gasification sector are strategically investing in the establishment of novel gasification facilities to fortify their market position. Illustratively, in November 2022, Klabin, a prominent recycling company based in Brazil, inaugurated a biomass gasification plant in Ortigueira/PR, Brazil. This facility features a cutting-edge biomass treatment line supplied by ANDRITZ, an Austrian company specializing in plant, equipment, systems, and services across diverse industries. The ANDRITZ gasification plant facilitates a completely fossil-free operation of the lime kiln by substituting 100% of heavy fuel oil with biomass-derived gas. Similarly, in February 2022, Watomo Energies Ltd and Biezel Green Energy commenced the construction of India's inaugural commercial-scale biomass-based hydrogen plant in the Khandwa district of Madhya Pradesh, India. This groundbreaking initiative aims to produce one ton of hydrogen per day from 30 tons of biomass feedstock. As new gasification plants continue to be established, the biomass gasification market is poised for accelerated growth.

Artificial intelligence (AI) technology is gaining significant traction in the biomass gasification market, offering accelerated insights into the conversion of biomass into fuels and chemicals. Traditional models employed for understanding these conversion processes often have prolonged operational timelines. Leveraging AI tools, particularly machine learning, can expedite modeling processes. An illustrative example involves the Indian Institute of Technology Madras, where a team utilized a machine-learning method known as recurrent neural networks. This AI approach facilitated the study of reactions occurring during biomass conversion into energy-dense syngas, expediting predictions regarding the biofuel composition based on the time biomass spends in the reactor.

Strategic partnerships and collaborations are emerging as a prominent trend in the biomass gasification market. Gasification, a process transforming carbonaceous materials from biomass or fossil fuels into gases such as nitrogen, carbon monoxide, hydrogen, and carbon dioxide, has prompted companies in the sector to seek collaborative initiatives. For instance, in January 2022, Lahti Energia Oy, a Finnish energy company operating in biomass gasification, formed a strategic partnership with Nordic Ren-Gas Oy, a Finland-based firm specializing in sustainable energy projects. The collaboration is geared towards a Power-to-Gas (P2G) project valued at EUR 250 million ($220 million), encompassing the production of green hydrogen and renewable methane. Such partnerships aim to reinforce the market presence of companies in the biomass gasification sector.

In October 2021, Heartland Water Technology, a US-based wastewater treatment technology provider, acquired Cogent Energy Systems, a gasification specialist, aiming to expand its waste processing capabilities and establish a gasification solutions division. Cogent Energy Systems brings the HelioStorm ionic gasifier, capable of processing various feedstocks for hydrogen-rich syngas production, to the acquisition.

Major companies operating in the biomass gasification market report are Siemens Energy AG, Engie, Andritz, Air Products, Air Liquide, Mitsubishi Heavy Industries Ltd., Thyssenkrupp AG, Xcel Energy Inc., Lahti Energia, Babcock & Wilcox, Shangqiu Haiqi Machinery Equipment, Sedin Engineering Company Ltd., Chanderpur Group, Case Group, GGE Power, EnviTec Biogas AG, First Biogas International AG, Shenzhen Puxin Science & Technology Co. Ltd., Mingshuo Environment Technology Group Co. Ltd., Clarke Energy, Seko Industries Srl, HC Energy, Agraferm Technologies AG, LMS Energy, Sunpower, Outotec Oyj, Valmet, Drax Power Limited, Centria Reti Gas, GASAG, Enagás, Italgas, Eni Gas & Power, Cadent Gas Ltd., Orcan Energy, TomTom, TC Energy, Vital Energi, British Gas, EDF Energy, E. ON Next, Octopus Energy, OVO Energy, ScottishPower, Shell Energy, Wartsila Corporation, Acciona, Ramboll, EPH, Segezha Group, NaftoGaz Group, Hitachi Zosen Inova (HZI), EcoTerra BioGas, CEZ Group, Romelectro, ZiO-Podolsk, Notus Energy, Polish Energy Group, Terrasigna, H3-CHP Clean Energy Systems, Emispec, PyroGenesis Canada Inc., Lambion Energy Solutions GmbH, Triple Green Energy, Klean Industries Inc., Wright Tech Systems Inc., V&F Analyse- und Messtechnik GmbH, 3Degrees, AA Energy Ltd., A S NaturEnergie GmbH, Fluid Components International LLC. (FCI), Western Research Institute (WRI), CleanTech Biofuels Inc., CPFL Energias Renovaveis SA, Companhia Energetica de Minas Gerais SA, Centrais Eletricas Brasileiras S.A.

Western Europe was the largest region in the biomass gasification market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the biomass gasification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the biomass gasification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main categories in the biomass gasification market include moving/fixed beds, fluidized beds, entrained, and others. Fluidized bed technology involves suspending small solid particles in motion using an upward flow of gas. Biomass gasification sources include solid biomass, biogas, municipal waste, liquid biomass, among others. Its applications span chemicals, liquid fuels, as well as power and gas fuels.

The biomass gasification market research report is one of a series of new reports that provides biomass gasification market statistics, including biomass gasification industry global market size, regional shares, competitors with a biomass gasification market share, detailed biomass gasification market segments, market trends, and opportunities, and any further data you may need to thrive in the biomass gasification industry. This biomass gasification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The biomass gasification market includes revenues earned by entities by providing services such as biomass-derived liquid reforming, natural gas reforming, thermochemical water splitting, and photoelectrochemical water splitting services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.